Turkey’s benchmark ISE National 100 Index lost 372.47, or 0.6 percent, to 63,355.48 at 12:00 p.m. in Istanbul.
The following stocks were active. Symbols are in parentheses.
Gozde Finansal Hizmetler AS (GOZFN TI), a financial services company owned by Turkey’s Yildiz Holding AS, surged 11 percent, adding 41 kurus to 3.98 liras. The company is partnering with KKR & Co. LP to bid for assets of the country’s biggest media group Dogan Yayin Holding AS (DYHOL TI), it said in a statement to the stock exchange. Dogan Yayin shares also rose, adding 2 kurus, or 1 percent, to 2.00 liras.
Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO TI), a real estate investment trust, rose 4.33 percent, adding 18 kurus to 4.34 liras. The company won a contract worth 111.8 million liras ($70 million) from the government’s housing agency Toki to develop a project in Istanbul’s Mecidiyekoy district, it said in a statement to the bourse after the market closed yesterday.
To contact the reporter on this story: Benjamin Harvey in Istanbul at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org